Save us from Recession

If you deprive a person of oxygen he will turn blue, collapse and eventually die. Deprive economies of credit and a similar process kicks in. “The economic slowdown in Europe and America was quite evident in middle of 2007” was the say of many economists. Really people should have predicted this earlier and should have done something to minimize the effect.

According to the IMF’s most recent World Economic Outlook, published on October 8th, the world economy is “entering a major downturn” in the face of “the most dangerous shock” to rich-country financial markets. Its obvious that earlier market had such blow in 1930 due to world wars.

Almost all major economies are just shrinking. Something has to be done to blow back to its normal. Major concern for this shut down is insecurity. People are feeling disturbed and they don’t know where to invest their hard earned money. In fact now none of them want their money to grow but wishes to safeguard it from getting diminished.
Governments should do something to clear off this insecurity from their citizen’s mind. People are to be encouraged to invest.

Governments need to bring this confidence amidst public. If the investment grows naturally the banks relishes as in turn stock market starts cherishing. Crisis can be brought down only when everyone stand up together.